Hess Midstream LP’s recent filing unveils that its 10% Owner BlackRock Portfolio Management unloaded Company’s shares for reported $64.53 million on Feb 19 ’25. In the deal valued at $39.11 per share,1,650,000 shares were sold. As a result of this transaction, BlackRock Portfolio Management now holds 0 shares worth roughly $0.0.
Then, BlackRock Portfolio Management sold 11,000,000 shares, generating $430,210,000 in total proceeds. Upon selling the shares at $39.11, the 10% Owner now owns 0 shares.
Before that, Stein Jonathan C. sold 7,923 shares. Hess Midstream LP shares valued at $279,840 were divested by the Chief Financial Officer at a price of $35.32 per share. As a result of the transaction, Stein Jonathan C. now holds 59,945 shares, worth roughly $2.43 million.
JP Morgan downgraded its Hess Midstream LP [HESM] rating to a Neutral from a an Overweight in a research note published recently. UBS began covering HESM with “Buy” recommendation on May 10, 2023. Raymond James started covering the stock on April 21, 2023. It rated HESM as “an Outperform”.
Price Performance Review of HESM
On Friday, Hess Midstream LP [NYSE:HESM] saw its stock fall -0.30% to $40.52. Over the last five days, the stock has gained 1.60%. Hess Midstream LP shares have risen nearly 9.42% since the year began. Nevertheless, the stocks have risen 18.55% over the past one year. While a 52-week high of $42.15 was reached on 01/29/25, a 52-week low of $32.75 was recorded on 01/02/25. SMA at 50 days reached $39.01, while 200 days put it at $36.82.
Levels Of Support And Resistance For HESM Stock
The 24-hour chart illustrates a support level at 40.08, which if violated will result in even more drops to 39.64. On the upside, there is a resistance level at 41.01. A further resistance level may holdings at 41.50. The Relative Strength Index (RSI) on the 14-day chart is 52.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.99%. Stochastics %K at 65.69% indicates the stock is a holding.
The most recent change occurred on December 09, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $34 price target.
